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3 June 2020 | 1 reply
Im in the state of Pennsylvania and was wondering if this is what needs to be done in order to successfully acquire a subject to deal?
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6 June 2020 | 3 replies
I have a few banks in the area I can acquire financing through, and I plan on putting at least 20% down and keeping at least $10,000 in an account for any repairs on park owned properties that might happen early (all trailers have had substantial work in the last 3 years, all in average - good condition)Does anyone have anything they would recommend I look into?
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7 June 2020 | 6 replies
Anything invested in the property in the past when acquired or improved is a sunk cost and should not be considered in sell vs hold alternatives.For example, an investor who purchased 20 acres of land five years ago for $50,000 per acre paid $1,000,000 cash.
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5 June 2020 | 12 replies
I'd figure out what is going to make acquiring the property easiest and handle the LLC afterwards if needed.
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8 June 2020 | 7 replies
The one caveat with that is that these properties can sell in a matter of minutes and require you to be VERY ready to acquire.
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6 June 2020 | 9 replies
Maybe I'm missing something, and sorry for the pessimism, but I just don't see a big upside for acquiring debt on land.
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4 June 2020 | 18 replies
That would still be a move up as you would be gaining equity.I would have a little concern about someone wanting to exit out of an investment property so soon after they acquired it.
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14 June 2020 | 8 replies
I hope to become a one-stop shop for folks who have no idea how to go about acquiring property in the USA.One big question that people immediately face, is how to legally, or at least safely transfer large amounts of RMB (100k usd+) out of China to the USA.
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1 July 2020 | 8 replies
It could effectively be used by buy properties, as you could pay off existing mortgages (acceptable use) and use that equity to acquire new ones.
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5 June 2020 | 5 replies
I don't want to shoot for $100 per unit because that essentially doubles the amount of units I need to acquire.